Forbes listed Wilson’s net worth at $1.8 billion U.S. as of Wednesday afternoon, and while that sounds impressive, it’s less than half of what Wilson had a little more than a year ago.
Wilson, who resigned from Lululemon’s board last year after making some controversial comments about women’s bodies, and who promptly got himself into a verbal war with that same board, owns some 40.2 million shares of Lululemon.
When Lululemon shares hit a record high of $82.28 U.S. in June, 2013, that would have been worth about $3.31 billion. At Wednesday’s prices, those shares are worth about $1.61 billion — a decline of $1.71 billion.
That’s a lot to lose in a year, but when you own this much wealth, one day’s trading can make a stunning difference. Wilson lost more than $280 million in one day last week, when Lululemon shares dropped 16 per cent after a lacklustre earnings report.
With the stock price bouncing part of the way back, Wilson has recouped some $100 million of the money he lost last week.
Easy come, easy go.
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